Top 10 Leaders in Capital Goods - 2021

Capital manufacturing industry is a strong pillar of development and serves a strong base for all industries such as engineering, construction, infrastructure, consumer goods and many others.  Heavy electrical & power equipment, earthmoving & mining machinery, and process plant equipment together account for 85 percent of India's total capital goods exports. Increasing industrialization and economic development is driving the growth of capital goods market. Turnover of the capital goods industry is estimated to have reached $70.00 billion by 2017 and is forecast to grow to $115.17 billion by 2025. The sector contributes to 12 percent of India's manufacturing output and 1.8 percent to GDP.

The sector is expected to witness growth with increasing constructions, industries and engineering activities. Surveys show that demand from industrials, infrastructure, railways, construction and mining equipment are rising, while those from power and heavy electrical sectors remain idle. Capital goods is now the fourth largest import category after crude oil, electronics, and gold. Future opportunities of the sector lie in increased spending on railways & metro rolling-stock, build-out of port infrastructure, and doubling the rate of road construction activities by the government. The higher spending in defense and aerospace sector is another factor that could contribute to the growth of capital goods market. The growing urbanization will result in increased investments to resolve issues like waste disposal, water availability, waste water treatment, and security systems. Heavy electrical and power equipment sector contributes the largest share to the capital goods market.

In this issue of CEO Insights, we bring you a list of 'Top 10 Leaders in Capital Goods - 2021' who have contributed to the economic development of the country. The list has been crafted by a team of CEOs, VCs and the CEO Insights editorial board, thus delivering inspiring stories of their journey and the contributions & roles played by them in the creation and empowerment of a powerful nation.